A year and a half after officially starting its research, Atlanta BeltLine Inc. has identified what it believes to be the best use of a vacant but historic property adjacent to some of the popular trails in southwestern Atlanta. I chose the development concept.
Beltline officials today selected finalists to redevelop Murphy Crossing, a 20-acre site in the City of Oakland that once operated as the Georgia Farmers Market and now includes about a dozen warehouses and other buildings. announced.
BeltLine chooses Arizona-based real estate developer dead endhas positioned itself as a builder of “communities, open spaces and neighborhoods that embrace mobility.”
Partnering with Culdesac on a mixed-use development at 1050 Murphy Avenue site urban oasis development, Kronberg Urbanist + Architects, LDG ConsultingWhen T. Dallas Smith and Companyaccording to a Beltline press release today. The team includes members from the surrounding area, officials said.
Culdesac’s plans include new and rebuilt buildings with a mix of residential and office buildings, grocery stores, restaurants and retail stores, a farmers’ market (in honor of the land’s historic uses), arts and culture. Includes program. Overall, according to BeltLine, the company’s plans “prioritize high-density, traffic-oriented developments with a focus on preserving pedestrian and cyclist land in outdoor spaces protected from vehicles.” .
It would be called “Culdesac’s Murphy Crossing”.
Beltline leaders say the project will save 22 miles by designating 25% of the housing units as “permanently affordable” and keeping the remaining 5% affordable for at least the next 30 years. said it will contribute to The Loop’s affordable housing goals. Culdesac wants to cap affordable rates for residents at 60-80% of the region’s median income. 30% of all retail and light industrial space will be offered at an unspecified rate, meaning it is affordable for small businesses in southwestern Atlanta.
Located near MARTA’s West End and Oakland City stations, Murphy Crossing overlooks part of the Westside Trail and shares the boundary with Adair Park and Capitol View. Beltline was able to acquire the majority of the long-coveted 16-acre site in 2014.
In 2018, Beltline spent $2.5 million on the final 2.5-acre parcel of Murphy Crossing, increasing its landholding to 20 acres. As Beltline leaders put it at the time, it’s a more appealing palette for developers. But BeltLine canceled another of his RFPs for the site in 2020 “due in part to the impact of COVID,” the agency said early last year.
South Carolina developer WRS Realty, which recently sold Underground Atlanta after years of delayed development, was in talks to buy Murphy Crossing for around $200 million.But WRS involvement despised from activists who questioned the ability of the company known to build Walmart supercenters to properly revive complex facilities in non-suburban neighborhoods. They were in talks to partner on the Murphy Crossing deal, but later pulled out. BeltLine officially canceled its MoU with Place Properties in Summer 2020.
As announced via a request for proposals in April 2021, Beltline leadership will seek to “support neighborhood-based minority entrepreneurs and businesses, as well as qualifying commercial We are focused on ideas that include keeping prices affordable.” area business”.
Beltline leaders stress that the Murphy Crossing project is in the early stages of design and will be refined according to community input.A public meeting is scheduled for Monday at 6:30 pm to discuss the project and will be held virtually on Zoom (participation details here), broadcast via the beltline Facebook page.
Beltline officials estimate that $800 million in private investment is underway or planned within a mile of the Oakland City site, including Murphy Crossing.This figure includes the nearby Lee + White warehouse redevelopment, Pittsburgh Yards, Adair Pair’s MET redo, and final redevelopment Mall West End.
• BeltLine Tour Guide: Why Redeveloping Murphy Crossing Matters (Urbanization of Atlanta)